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BarneyPiccolo@lemmy.today ⁨3⁩ ⁨days⁩ ago

First of all, 9% is a HUGE number, far large enough to start influencing prices, and it is growing quickly. That 9% will be more like 20% within the next few years. We can see the trend clearly, do we really have to wait until it is an irreversible problem before we even acknowledge it, and then abandon hope for a solution because it’s too late? Or maybe we say, “Hmm, 9% and growing? That’s going to become a problem, maybe we should do something about it NOW.”

Secondly, good for your state or whatever who is putting controls on building. My state, and my area, is not. I travel the entire east coast for work, and traffic in Central Florida, where I live, is easily the worst on the East Coast (the only competition is the DC-Baltimore stretch at rush hour, I avoid it at all costs), and they can’t build huge housing developments and apartment complexes fast enough, and dump more cars on the streets. And just this week, they just announced that the Mormons, who own a giant tract of land east of Orlando, are going to build an entire new CITY, with a population that will rival Orlando. The state has already approved a new TOLL highway that will connect the area, and that new Toll road will run through two protected conservation areas, which the county is not happy about. In Florida, conservation land is really important…until you have to build on it.

Of course the state is happy to cooperate with attracting a few hundred thousand Mormons to Central Florida, diluting the Democratic voting strength in the last Democratic stronghold in Florida.

So nice try, but your experience is not what’s happening in MAGA regions of the country. They are using housing to service the only MAGA constituency - the wealthy.

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TubularTittyFrog@lemmy.world ⁨3⁩ ⁨days⁩ ago
you’re wrong. objectively. you are delusional and making ridiculous statements that are objectively false, both about housing and about MAGA, neither of which have anything to do with each other.

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- BarneyPiccolo@lemmy.today ⁨3⁩ ⁨days⁩ ago
  What are you talking about? Do you not understand the concept of TIME? What does the income of Dems vs Repubs have to do with it?
  
  There is an obvious trend of investment companies buying up single family houses. This is not “objectively wrong,” it is the truth, and ALL those companies have publicly stated they intend to buy up so many single family homes that they will control the cost of housing in America. This is FACT.
  
  Studies GAO reviewed found that no investor owned 1,000 or more single-family rental homes as of late 2011. However, by 2015, institutional investors collectively owned an estimated 170,000-300,000 homes. As of June 2022, institutional investors of varying sizes made up a large portion of the single-family rental market in many cities, particularly in Sunbelt states.
  
  www.gao.gov/products/gao-24-106643
  
  So it doesn’t matter where it stands NOW, the important point is that they own a larger percentage of the market than they did a year ago, and they will own more a year from now, and even more a year after that.
  
  Your solution is to ignore the growing problem, pretend it doesn’t exist, and then when it is too big a problem to ignore, wonder why someone didn’t do something about this a long time ago, say, when they still owned less than 9% of the market, like now.
  
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